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From the book "the cat in the hat", the game is called "up up up with a fish"Cobra wrote:Flat open, so any gap will be filled and today most likely a range day plus option expiration should be up and down up and dowm mess, so difficult to trade. Experienced traders may skip today. The next week also suppose to be bearish. The chart by the way looks not bad, seems another base and breakout setup on going so I don't find it bearish at all.
Don't remember where I saw, the current rally can only matched by 1920s somthing. Cannot find the chart now.cletus wrote:All rectangles are the same height -- this is the size of some sharp rallies without a major pullback. Can't believe this will go on much longer without a 5-10% pullback http://stockcharts.com/h-sc/ui?s=$SPX&p ... =210657113
OPEXcletus wrote:VIX again acting weird. I don't understand how it can move 6% up and down in 5 minutes
Thanks. The period I mentioned could be 30s or something where stock market rose 100%. The 3rd instance in history.Dow Trader wrote:Copra,
regarding the chart of 1920, if I remeber correctly, the initial rebound was around 60% and I think we are at 65% or so at 1240 and here are some links that may help:
http://newsusa.myfeedportal.com/showitem.php?itemid=171
http://a.imageshack.us/img683/4879/dow1930todow2010.png